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House Price Crash Forum

David Smith

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About David Smith

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    AKA "Bill Gates"
  1. The long term demand for property remains very good. Don't be put off by short term speculation when considering buy to let as a landlord and in particular don't let those retards at housepricecrash.co.uk (HPC) put you off buying a property because property investment is a medium to long term investment. The only reason why the retards at housepricecrash.co.uk (HPC) are trying to talk the property market down is so that they themselves can buy a property on the cheap and so make money when property prices start to rise again. Despite any short term worries the future outlook for the proper
  2. Prices appear to have managed a ‘soft landing’, with predictions of gentle growth in 2006. The housing-market crash that some analysts predicted for this year has been avoided. Instead, the soft landing that the Bank of England was hoping for appears to have been achieved. Nationwide building society expects house prices to end the year 2.3% higher than they were at the beginning of 2005. And economists predict more of the same next year. Fionnuala Earley at Nationwide said: “As additions to housing supply continue to lag the rate at which households are formed — through weddings, partnershi
  3. House price crashes are rare. The only crash in nominal house prices we have seen in recent years was in the early 1990s, on the back of a doubling of interest rates and a a near-doubling of unemployment. In the two other episodes - also after big economic shocks in the 1973-5 and late 1970s/early 1980s periods, real house prices fell but nominal house prices didn't. The mechanism was stagnation in house prices at a time of high inflation. The early 1990s deserves revisiting. Many people believe house prices started to fall sharply from 1989 onwards, precipitating recession. It didn't happen
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